I would only do it at 0% interest and with a normal discount for the brand in question. For Breitling and Omega, that would be 25% off MSRP, at minimum. I wouldn't do it on a new PAM. Like LOS said, there are way too many good deals in the secondary market right now, and PAM ADs are notoriously stingy with any discounts.
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would you finance a gen if you really wanted one?
- Thread starter UFUKNUT
- Start date
Fakey that is your opinion... YOU may use cars for the sole purpose of getting from A-B, but others enjoy driving luxury cars. Its not simply a matter of vanity, for quite often I could care less what others think of what I wear, drive, use. But I enjoy motorsports. That includes taking desert trips in my truck or track days in my sports cars.
If the only reason to have something is for the simple and basic intended use, then why do ANY of us enjoy replica or gen luxury watches? All they do is tell time, just like a $10 quartz watch from the local Walmart.
And if you really have a 10 year old car with only 30k miles in it, you must not leave the house very often. I put 25k miles on my vehicles last year alone and I was gone for nearly 4 months.
And concerning the original topic. Under the correct circumstances, I would use a credit card to purchase a watch and I have in the past. I have taken a couple trips that were bought using miles that were accumulated from watch purchases. I have also earned cash back from watch purchases that were originally put on credit cards.
NOW with that said, if you are using a standard 9-18% interest credit card and cannot pay it off quickly, I would say no. Its not a wise move, especially if you are taking the new owner depreciation hit as has been stated above by LOS. There are PLENTY of pre-owned watches out there that can be bought from reputable people who will accept credit cards also. In that case, it might be a wise purchase.
And if all else fails, call that psycho woman on television Suzy Orman and ask her if its wise. I have heard her talk at least two guys out of buying a Rolex in the last year or so. Unless you have $250k in the bank, a decent investment portfolio and good equity in your home she feels you should eat top raman and crackers for all of your meals and use public transportation.
If the only reason to have something is for the simple and basic intended use, then why do ANY of us enjoy replica or gen luxury watches? All they do is tell time, just like a $10 quartz watch from the local Walmart.
And if you really have a 10 year old car with only 30k miles in it, you must not leave the house very often. I put 25k miles on my vehicles last year alone and I was gone for nearly 4 months.
And concerning the original topic. Under the correct circumstances, I would use a credit card to purchase a watch and I have in the past. I have taken a couple trips that were bought using miles that were accumulated from watch purchases. I have also earned cash back from watch purchases that were originally put on credit cards.
NOW with that said, if you are using a standard 9-18% interest credit card and cannot pay it off quickly, I would say no. Its not a wise move, especially if you are taking the new owner depreciation hit as has been stated above by LOS. There are PLENTY of pre-owned watches out there that can be bought from reputable people who will accept credit cards also. In that case, it might be a wise purchase.
And if all else fails, call that psycho woman on television Suzy Orman and ask her if its wise. I have heard her talk at least two guys out of buying a Rolex in the last year or so. Unless you have $250k in the bank, a decent investment portfolio and good equity in your home she feels you should eat top raman and crackers for all of your meals and use public transportation.
fakemaster said:
I have 4 replica watches at the moment and 1 gen.
The reps range in price from $59 to $193 USD.
I could kick myself for spending $193 on a rep watch now.
I wear and enjoy the cheaper watches more............
Spend your hard earned money on wine and women... Not expensive watches, rep or gen... :wink:
The reps range in price from $59 to $193 USD.
I could kick myself for spending $193 on a rep watch now.
I wear and enjoy the cheaper watches more............
Spend your hard earned money on wine and women... Not expensive watches, rep or gen... :wink:
I must agree with fakey on this one...
Your house, for the most part, will appreciate. Cars, with the exception of a very few, depreciate.
And I would never, ever finance anything...especially a watch. Save your money and find a deal. Because in the same time you're paying off that CC, you could already have bought a couple watches at a deal or steal.
Besides, and yes I am preaching, the Bible says "The borrower is servant to the lender" http://www.spirituality.com/article.jht ... 265995.xml
Think about it...
Your house, for the most part, will appreciate. Cars, with the exception of a very few, depreciate.
And I would never, ever finance anything...especially a watch. Save your money and find a deal. Because in the same time you're paying off that CC, you could already have bought a couple watches at a deal or steal.
Besides, and yes I am preaching, the Bible says "The borrower is servant to the lender" http://www.spirituality.com/article.jht ... 265995.xml
Think about it...
for me, agree with fakey a bit on this one, I can't find the marginal value between rep and gen that warrents the exponential price difference.....again, just my opinion applied to me.....not trying to convert anyone....all opinions are equally valid, but not equally financially advantageous
I never said I owned itfor 10 years. i bought it from an old lady who had let it sit in her garage until the tires rotted. 
Just like I never said you owned it for ten years... I simply stated that it was 10 years old. :lol:
fakemaster said:I never said I owned itfor 10 years. i bought it from an old lady who had let it sit in her garage until the tires rotted.
If you have to worry about it, it is probably not a good idea to buy.
One should buy things that appreciate and rent/lease things that depreciate. This is valid for anything, from watches to cars to houses. The housing market the last few years is a case in point. The cost of buying and carrying a house was way more than renting one.
An old friend used to say you rent the 3 Fs. If it flies, floats or f*^ks you rent it. Some truth in that.
One should buy things that appreciate and rent/lease things that depreciate. This is valid for anything, from watches to cars to houses. The housing market the last few years is a case in point. The cost of buying and carrying a house was way more than renting one.
An old friend used to say you rent the 3 Fs. If it flies, floats or f*^ks you rent it. Some truth in that.
I'm doing that for one of my Zenith's...but it's more of a layaway kinda thing. There's no real financing, and I'm making whatever payments I want until the watch is payed off.UFUKNUT said:the reason i ask is because my cousin really wanted a watch he got. a breitling superocean. looks really nice, blue dial and all the bells ans whistles a new watch comes with. but theyre not too expensive. i think he bought his for like 3,000usd. and hes making payments on it.... kinda extreme for a watch, but if you really want it, then you want it...
so would anyone else go to that extreme and make monthly payments for a gen? or maybe save up and just buy it?
i was thinking of buying a rep superocean and showing it to him
This is to be my present for all my hard work...and I don't need anyone telling me that what I'm doing is ridiculous.
As far as depreciating cars is concerned...anyone see the value of the Audi RS6
and the Porsche 911 TT? I can find RS6s for 25k and 911TTs for 40k! Unbelievable!
Just goes to show that even high end luxury cars can depreciate by several thousand dollars when it comes down to it.
i'd be stupid to buy a new car. the second you sign the lease or contract to buy, it lost at least 25% of its value. my other cousin bought a new escalade 2 years ago, new.... wasted 70k for a dam suv... now theyre at 30k-40k... terrible... but hey its his money...